U.S. Bancorp Reports Higher Q3 Earnings, Record EPS
U.S. Bancorp reported Q3/15 earnings of $1,489 million was up from $1,471 million a year earlier. The bank’s Q3/15 EPS of $0.81 met analysts’ expectations and was a record achievement.
U.S. Bancorp reported Q3/15 earnings of $1,489 million was up from $1,471 million a year earlier. The bank’s Q3/15 EPS of $0.81 met analysts’ expectations and was a record achievement.
MB Business Capital said it provided a new senior credit facility to Graco Supply to facilitate the acquisition of Graco by CM Equity Partners.
Quantum said it repaid about $81 million in convertible notes, at par, and approximately $1 million in interest. The company noted it used $66 million from its $75 million facility with Wells Fargo Capital Finance.
NewStar said it completed the acquisition of Feingold O’Keeffe Capital, DBA FOC Partners, a private alternative asset management firm. FO will operate as NewStar Capital.
Monroe Capital said it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support an equity investment in Opus Agency by private equity sponsor, Fan Creek Capital.
Harvest Capital Credit said it has amended its revolving credit facility with CapitalSource and City National Bank to extend the maturity date and reduce the interest rate spread by 125 bps.
Gavin/Solmonese said veteran bankruptcy attorney and certified mediator Frank Monaco will join the firm as a senior managing director as of January 1, 2016.
Rocky Mountain Dealerships said it amended and upsized its credit facility to $270 million with a group of banks led by CIBC as administrative agent.
Tandy Leather Factory said Bank of Texas would provide a $6 million revolver and a $10 million facility secured by a deed of trust on the company’s headquarters building.
According to industry trade publication The Wrap, indie studio Envision Media Arts has closed a $50 million credit line with National Bank if Canada.